Offshore

  • Professional trustees in US$1 billion litigation relating to the Madoff fraud, involving the defense of clawback claims brought in the US (SDNY) and England (High Court) by the SIPA-appointed Madoff trustee. Also acting in the defense of US$300 million proceedings in Bermuda brought by the liquidator of one of the primary Madoff feeder funds with related proceedings in BVI and Monaco
  • Liquidators of global charter flight business against British Virgin Island-based funds with respect to disputes arising out of equity investment and aircraft financing transactions
  • Acting for an AIM-listed investment fund in LCIA arbitration proceedings claiming fraud against its portfolio manager and in related litigation in Mauritius with the client's joint venture partner. The claims concerned totaled in excess of US$300 million
  • Acting for the original promoters of an AIM-listed real-estate investment fund defending fraud claims totalling US$ 1 billion sponsored by an activist hedge fund, with main proceedings in LCIA arbitration and related proceedings against a joint venture partner in the Isle of Man
  • Acting for the Special Administrator of Cyprus Popular Bank in connection with the bank's EUR3.5 billion fraud claim against its former management, with proceedings in Cyprus, England and Greece

Onshore

  • National syndicator in numerous limited partnership disputes related to tax credit funds, including resolution of disputes pertaining to fiduciary and contractual duties between and among limited and general partners
  • The joint official liquidators of the US$1.3 billion hedge fund Platinum Partners Value Arbitrage Fund in the resolution of its assets across Asia, including in Indonesia, Australia and Singapore, such as the high-profile dispute involving listed shares in PT Hanson International Tbk
  • AIM-listed investment fund in LCIA arbitration proceedings claiming fraud against its portfolio manager and in related litigation in Mauritius with the client’s joint venture partner. The claims concerned totaled in excess of US$300 million
  • A large number of limited partners and advisory committees in various Abraaj funds, in relation to negotiations and restructuring resulting from the insolvency of Abraaj, which involved over US$13 billion of assets and constituted the largest private equity insolvency in history. DLA Piper’s role included assisting with corporate stabilization, restructuring, contentious and corporate criminal issues
  • A fund manager in relation to contentious and regulatory issues on a dispute relating to investment into a bond issued by a Chinese company on behalf of investment clients of the fund manager
  • Several funds and banks in the clawback procedure started by the receiver of La Seda de Barcelona in order to nullify the personal guarantees amounting to EUR250 million granted by the EU subsidiaries of La Seda de Barcelona under a Senior Facility Loan/PIK Loan
  • An investor committee in a group of Delaware and Cayman Island funds investing in collateralized debt obligations in a Chapter 11 case in which the funds were restructured and valuable litigation rights of the funds were preserved
  • Numerous litigation financing funds in due diligence related to an onshore fund dispute
  • The Cayman Islands issuer of a trust preferred collateralized debt obligation in litigation in US District Court for the Southern District of New York concerning replacement of a collateral manager
  • A European alternative asset management firm and three Cayman Islands affiliates in litigation over the acquisition of a collateralized loan obligation manager in the Commercial Division of the New York State Supreme Court